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The Bitcoin price rose over 2% in the past 24 hours to trade at $120,799 as of 12:23 a.m. EST, with trading volume soaring 62% to $37 billion.
The BTC price crossed the $120,000 level for the first time in the last 24 hours to reach a new all-time high (ATH). This comes as Japan-based Metaplanet purchased 797 Bitcoin for approximately $93.6 million, increasing its total holdings to 16,352 BTC, worth over $1.95 billion.
According to the company’s CEO, Simon Gerovich, the firm aims to leverage these assets as collateral for acquiring cash-generating businesses. This strategy echoes that of Strategy’s Michael Saylor.
Short Bitcoin if you hate money.
— Michael Saylor (@saylor) July 13, 2025
BTC is up 42% in the last 3 months. Can this surge continue, or is BTC due for a correction?
Bitcoin Price Hints At A 12% Rally
The BTC price, after finding support near $76,000, went on to form a rounded bottom pattern, after an earlier drop from the $105,732 resistance zone.
The rounded bottom pattern, a bullish reversal pattern, allowed the Bitcoin price to climb to the $112,000 zone, as GeckoTerminal data shows. However, BTC has been consolidating within this range, as bears and bulls continue to fight for dominance.
Bitcoin’s price has finally broken out of the consolidation zone, pushing the asset to a new ATH. As a result of this surge, BTC has continuously traded above both the 50-day and 200-day Simple Moving Averages (SMAs), which have formed a golden cross around $93,546.
Meanwhile, buyers seem to be in control, with the Relative Strength Index (RSI) climbing above the 70-overbought zone, currently at 75.
Moreover, the Moving Average Convergence Divergence (MACD) has turned positive, with the blue MACD line crossing over the orange signal line.
If the current surge continues, the price of Bitcoin could climb even more, targeting a new ATH at around $135,606.
Conversely, if the BTC price drops as a result of being oversold, it might fall to the $112,610 support zone.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
Bitcoin Hyper Presale Racing Towards The $3 Million Mark – Buy And Stake For 319% APY
Bitcoin has cemented itself as a hedge against economic uncertainty, currency debasement, and geopolitical instability.
However, despite its prominence, Bitcoin remains limited in terms of functionality. Unlike blockchains such as Ethereum and Solana, it isn’t designed to support dApps, smart contracts, or DeFi protocols, where those platforms excel.
Enter Bitcoin Hyper. Bitcoin Hyper is developing a high-performance layer-2 solution for Bitcoin, using the Solana Virtual Machine (SVM) to support decentralized applications (dApps) and scalable smart contracts.
The project functions on a decentralized Canonical Bridge, ensuring seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Bitcoin Hyper is gaining traction, having raised over $2.71 million in early-stage funding so far.
If you buy and stake now, you can also unlock a massive 319% annual return. This return decreases as more people join, so it’s best to get in early.
Investors interested in participating in the presale can visit the official Bitcoin Hyper website to buy HYPER tokens for $0.01225 each using crypto or a bank card.
Buy before a price increase in around 9 hours to lock in the best deal.
Visit the Bitcoin Hyper website.
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